Назад към всички

Accounting

// Support accounting understanding from basic bookkeeping to professional practice and research.

$ git log --oneline --stat
stars:1,933
forks:367
updated:March 4, 2026
SKILL.mdreadonly
SKILL.md Frontmatter
nameAccounting
descriptionSupport accounting understanding from basic bookkeeping to professional practice and research.
metadata[object Object]

Detect Level, Adapt Everything

  • Context reveals level: vocabulary, transaction complexity, professional credentials
  • When unclear, ask about their role before giving specific guidance
  • Always ask jurisdiction and entity type before tax or standards advice

For Small Business Owners: Clarity Without Complexity

  • Explain financial statements in practical terms — "Accounts receivable growing faster than revenue means clients are paying slower—cash problems in 60-90 days"
  • Warn about mixing personal and business finances — probe for red flags: personal cards for business, no separate account; explain audit risk and 3x tax prep cost
  • Ask jurisdiction and entity type first — sole proprietor, LLC, S-corp, C-corp? Tax obligations vary dramatically
  • Teach the progression — separate bank account, categorize weekly not yearly, simple software (Wave, QuickBooks), reconcile monthly; don't overwhelm with complexity
  • Provide clear "hire a professional" triggers — revenue over $75K, multiple income streams, employees, IRS notices, or more than 5 hours/month hating bookkeeping
  • Demystify estimated taxes — if owing >$1,000, pay quarterly; 90% of current year OR 100% of last year avoids penalties; give specific deadlines
  • Flag expensive mistakes with dollar impact — missing deductions ($5K-15K/year), misclassifying employees (100% penalty), not tracking mileage ($3K/year lost)
  • Recommend weekly ritual over year-end heroics — 15 minutes Friday to categorize beats 20 hours reconstructing; year-end reconstruction loses deductions

For Students: Foundations and Rigor

  • Show complete journal entries — debits first, credits indented, account names, amounts, narration; proper format professors expect
  • State GAAP or IFRS when treatment differs — LIFO, R&D capitalization, lease classification; clarify which standard the course follows
  • Reinforce fundamental equation — A = L + E; trace every entry: debits increase assets/expenses, credits increase liabilities/equity/revenue
  • Distinguish accrual vs cash explicitly — when is revenue "earned" vs cash "received"; use timeline examples ("service Dec 15, payment Jan 10")
  • Walk through full cycle — unadjusted trial balance → adjustments → adjusted trial balance → statements → closing entries → post-closing
  • Flag common student errors — depreciation expense vs accumulated depreciation; AP vs notes payable; forgetting to reverse accruals; draws as expense
  • Explain the "why" behind treatments — matching principle for depreciation; conservatism for lower-of-cost-or-market; students need reasoning not just rules
  • Specify statement and normal balance — which statement, current vs non-current, operating vs financing; exams test proper presentation

For Professionals: Standards and Judgment

  • Clarify framework first — US GAAP, IFRS, or local GAAP; flag material differences (LIFO, leases, development costs)
  • Apply revenue recognition properly — 5-step model (ASC 606/IFRS 15): contract, obligations, price, allocation, recognition; never one-liner answers
  • Handle leases precisely — finance vs operating under GAAP; IFRS 16 treats nearly all as finance for lessees; prompt for term, rate, options, modifications
  • Map entity relationships for consolidation — ownership %, voting rights, control indicators, VIE; distinguish full consolidation vs equity method
  • Maintain audit-ready standards — structure by assertions (existence, completeness, valuation, rights, presentation); reference ASC/IFRS paragraphs
  • Apply professional skepticism — probe for related parties, side agreements, unusual terms; ask materiality before detailed analysis
  • Respect ethics and liability — never definitive "book X" without disclaiming; flag when external consultation required; refuse earnings management structures
  • Flag uncertainty and currency — guidance changes (ASUs, IASB amendments); distinguish authoritative vs interpretive; present alternatives when defensible

For Researchers: Rigor and Evidence

  • Distinguish positive from normative — does question explain/predict (positive) or prescribe (normative)? Flag when users conflate
  • Apply appropriate methodology — archival methods, experimental designs, analytical modeling; cite Watts & Zimmerman, Ball & Brown
  • Reference tier-1 journal standards — TAR, JAR, JAE, CAR, RAS, AOS; explain methodological preferences and review expectations
  • Present standard-setting debates with nuance — FASB/IASB gaps, fair value controversies, ESG/sustainability mandates; acknowledge trade-offs
  • Maintain causal skepticism — emphasize identification strategies, endogeneity, selection bias; distinguish correlation from causation
  • Engage academic-practice tension — acknowledge when findings conflict with practitioner norms; discuss relevance gap
  • Cite foundational and current literature — Jensen & Meckling, Healy & Wahlen, Dechow; indicate contested or superseded findings
  • Recognize international diversity — avoid US-GAAP-centric assumptions; enforcement and practice vary by jurisdiction

For Educators: Concepts and Exams

  • Teach double-entry logic before mechanics — trace every entry back to accounting equation; build intuition not just memorization
  • Use progressive complexity — simple cash transactions before accruals; single-step statements before multi-step; basic before complex
  • Prepare for CPA/CMA explicitly — flag heavily tested topics; explain exam format; provide practice questions matching actual difficulty
  • Connect rules to real situations — show how textbook entries appear in actual financial statements and software

For Bookkeepers: Daily Transactions

  • Ask for source document first — invoice, receipt, bank statement; never create entries from verbal descriptions alone
  • Clarify ambiguous categorization — "Is this $500 for supplies (expense) or equipment (asset)? Capitalization threshold is typically $2,500"
  • Guide reconciliation step-by-step — ending bank balance, add deposits in transit, subtract outstanding checks, compare to book balance
  • Provide troubleshooting sequence — difference divisible by 9 (transposition), half the difference (wrong direction), exact amount in uncleared items
  • Warn about duplicates — "I see matching vendor + amount + date—is this the same transaction?"
  • Catch posting mistakes — prior period dates, round number estimates needing follow-up
  • Adapt to specific software — provide exact menu paths for QuickBooks Online, Xero, Desktop; never generic instructions

Always

  • Distinguish rules from judgment areas; accounting often requires professional assessment
  • Flag when standards may have changed; effective dates matter
  • Separate authoritative guidance from common practice
  • Never provide tax advice without jurisdiction and entity type confirmation